Our Bankruptcy Blog

Can You File Bankruptcy and Keep Your Car?

When you’re overwhelmed with debt and considering bankruptcy, you probably have a lot of financial questions. One of these may be, “Can you file bankruptcy and keep your car?” That’s a good question. Read on to find out the answer. Federal and state bankruptcy exemptions are designed to help you protect some property (like a car or house) when you are going through the bankruptcy process. In Indiana, most people can protect some assets through exemptions, depending on their level o [...]

How to Settle with the IRS

  • February 11, 2022
  • Tax

Some time ago, you decided to not pay taxes on your income and hoped that the IRS wouldn't notice. Unfortunately, the IRS has determined that you owe back taxes for those years and is now sending you threatening letters with hefty fines and penalties for non-payment. Your best course of action at this point is to figure out how to settle with the IRS and reduce the total amount you owe. As you look at how to settle with the IRS, you'll find offers of help from people who are a CPA, an enrolled a [...]

Can I Keep My House if I File Bankruptcy?

If you own a home but are in severe financial trouble, you’re probably wondering, can I keep my house if I file bankruptcy? You might, depending on many issues. How much equity do you have in the home? Are you behind in mortgage payments? What chapter of the bankruptcy code will you use? Jerry E. Smith is a bankruptcy attorney who helps clients like you. He’s a Certified Public Accountant (CPA) who works to get the best results for those behind in their debts. Our firm has been helping th [...]

Will foreclosure hurt my credit?

When you fall behind on bills, it sets off a domino effect of debt problems. One of the biggest problems can be missing mortgage payments on your house, which can eventually result in foreclosure. If you’re asking yourself whether foreclosure will hurt my credit, the answer is almost certainly “yes.” A foreclosure is a serious negative credit event, which not only lowers your credit score now but can prevent you from qualifying for new loans and credit cards for years into the future. [...]